Principal: Difference between revisions
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imported>Doug Williamson m (Additional sentence added to item 2 to bring in line with Glossary) |
imported>Doug Williamson (Updated entry. Source ACT Glossary of terms) |
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* [[Point]] | * [[Point]] | ||
* [[Self-financing loan]] | * [[Self-financing loan]] | ||
* [[Annuity factor]] | |||
* [[Instalment]] | |||
Revision as of 11:15, 26 November 2014
1.
An individual or other legal person represented by an agent.
2.
The amount of an investment or a loan, excluding any interest.
When the whole of a loan is drawn down at the start, the principal is simply the amount originally borrowed.
3.
The reference amount of a traded financial instrument, used to determine its future cashflows.
